Which of the Following Is NOT an Example of an Advantage

question 98

Multiple Choice

Which of the following is NOT an example of an advantage business marketers have because they usually have fewer customers than consumer marketers?

• A) ease of identifying prospective buyers
• B) the ability to monitor customers needs
• C) the ability to personally attend to existing customers
• D) the fact the majority of sales can come from one customer
• E) the ability to keep track of customer satisfaction levels

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Definitions:

Period-End

Marks the conclusion of an accounting period, at which point various accounting entries are finalized, and reports are prepared.

Current Asset Account

An account on the balance sheet representing the value of assets that are expected to be converted into cash, sold, or consumed within a year or the operating cycle, whichever is longer.

Inventory Returns Estimated

An accounting estimate of the goods that will be returned by customers and subtracted from sales revenue.

Period-End Adjusting Entry

Journal entries made at the end of an accounting period to update the balances of certain accounts and ensure compliance with the accrual basis of accounting.